#7 Saved Help Save & Exit Submit 10 Part 1 of 2 7.14 points ! Required information Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below.] Year 1 total cash dividends Year 2 total cash dividends Year 3 total cash dividends Year 4 total cash dividends $ 15,000 24,200 265,000 415,000 Check my work eBook References Exercise 11-12 (Algo) Dividends on common and noncumulative preferred stock LO C2 York's outstanding stock consists of 70,000 shares of noncumulative 7.5% preferred stock with a $5 par value and also 120,000 shares of common stock with a $1 par value. During its first four years of operation, the corporation declared and paid the following total cash dividends: Determine the amount of dividends paid each year to each of the two classes of stockholders: preferred and common. Note: Round your "Dividend per Preferred Share" answer to 3 decimal places. Homework #7 10 Saved Help Save & Exit Submit Check my work Part 1 of 2 Exercise 11-12 (Algo) Dividends on common and noncumulative preferred stock LO C2 York's outstanding stock consists of 70,000 shares of noncumulative 7.5% preferred stock with a $5 par value and also 120,000 shares of common stock with a $1 par value. During its first four years of operation, the corporation declared and paid the following total cash dividends: 7.14 points Determine the amount of dividends paid each year to each of the two classes of stockholders: preferred and common. Note: Round your "Dividend per Preferred Share" answer to 3 decimal places. eBook References Par Value per Preferred Share Dividend Rate Dividend per Preferred Share Number of Preferred Preferred Dividend Shares Annual Preferred Dividend: Dividends in Total Cash Dividend Paid Paid to Preferred Paid to Common Arrears at year-end Year 1 $ 15,000 $ 15,000 $ 0 $ 0 Year 2 24,200 24,200 0 0 Year 3 265,000 Year 4 415,000 Total: $ 719,200 S 78,750 $ 0